OneCard, a leading mobile-first credit card startup in India, has secured $28.5 million in funding, increasing its valuation to $1.4 billion, to enhance its offerings and expand its digital credit ecosystem.

Information on the Target

OneCard is a mobile-first credit card startup that is transforming the online shopping experience in India. By prioritizing value, inclusivity, and outstanding customer service, OneCard has established itself as a leader in the financial technology sector. The company aims to enhance e-commerce accessibility for millions of Indians, effectively bridging the gap between convenience and opportunity in the digital economy.

Founded in 2019 by Vibhav Hathi, Anurag Sinha, and Rupesh Kumar in Pune, Maharashtra, OneCard has swiftly escalated its growth trajectory. With a commitment to constant innovation and expansion, the company is well-positioned to influence the future of financial technology in India.

Industry Overview in India

India's fintech industry has seen unprecedented growth in recent years, driven by the rapid adoption of digital payment solutions and an increasing number of Internet users. The rise of e-commerce platforms has further propell